Saddleridge Homeowners Association (NC)

What Saddleridge Homeowners Association (NC)'s governing documents say

Saddleridge is a single-family home subdivision in Wake County, NC, governed by a homeowners association (HOA). This document is the Declaration of Covenants, Conditions and Restrictions (CC&Rs) that binds all lot owners, covering assessments, common areas, architectural control, and land use. It is a full rulebook for the community.

• What you own & maintain: You own your detached single-family lot and home; the HOA owns and maintains the common properties (e.g., streets, recreational facilities) for shared use.
• Assessments & fees: Annual assessments are set by the HOA board, with a maximum of $350 per lot for 1988, increasing up to 10% per year without member vote. Special assessments for capital improvements require a 2/3 vote of members. Delinquent assessments accrue 10% interest and become a lien on the property.
• Architectural review: Any exterior construction, alteration, or landscaping must be approved in writing by the HOA board or architectural committee; approval is deemed given if no response within 60 days.
• Common areas & amenities: All owners have an easement to use common properties, but the HOA can suspend use for unpaid assessments or rule violations (up to 60 days). The HOA may charge fees for guest use and can sell or lease common areas with a 2/3 vote.
• Land use & restrictions: Lots are for residential use only; no immoral, offensive, or unlawful use is allowed. Construction or alteration on common properties requires HOA consent.
• Leasing & rentals: The document does not restrict leasing or rentals; owners may delegate their common area use rights to tenants. No lease terms are specified.
• What this document doesn't cover: This document does not include pet restrictions, age restrictions, parking rules, or rental minimums. It also does not specify the exact amount of current annual assessments (only the 1988 maximum).

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.